Crescent Capital Group Leases 29733 Square Feet At 299 Park Ave New York From Fisher Brothers
299 Park Ave, New York, NY, 10171
Building Size
29,733 SF
Asset Type
Retail
Closing
Dec 7, 2021
About this deal
AI
The lease property is located at 299 Park Ave, New York, NY, 10171, within the New York market. The space encompasses 29,733 square feet. This property transaction involves Crescent Capital Group as the tenant and Fisher Brothers as the landlord.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not Specified
- Address: 299 Park Ave, New York, NY, 10171
- Market: New York
- Square Feet: 29,733
- Tenant: Crescent Capital Group
- Landlord: Fisher Brothers
- Broker: Daniel Horowitz - Savills
Daniel Horowitz from Savills represents the landlord, Fisher Brothers, in this lease transaction, facilitating the agreement with the tenant, Crescent Capital Group.
On the Map
Retail
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Players
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Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93